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Tuesday, April 23, 2019

The Highest & Lowest Paid MBAs At The Top 25 Schools

Last year a student from the United States working in finance in the
Northeast — probably New York City — achieved a salary of $350,000
after graduating from The Wharton School at the University of
Pennsylvania. One of his colleagues, an American working
internationally, also reported a base salary of $350K.

Wharton reported the highest base salary for a U.S. citizen — that
Northeast-bound financier who scored a $350K — while Harvard
Business School and Stanford Graduate School of Business were close
behind, each with a domestic $300K earner of their own.

Columbia
Business School boasted the highest starting salary for an international
student at $308,000.

In sign-on bonuses, Wharton again paced the pack
for both U.S. ($250,000) and foreign nationals ($150,000).

Just a few years ago, someone in
the HBS Class of 2016 secured a starting base salary of half a million
dollars, while someone at Stanford reported a salary of $450,000.

The highest U.S. average salary was at
Stanford, where U.S. grads reported a base salary of $150,123. The highest average pay for
international grads was at HBS: $136,194.

Once again, U.S. salaries outpace those of their international
classmates, with the overall U.S. average of the 25 schools about $7,000
more than the average for foreign national grads: $127,603 to $120,589.
Looking only at the top 10 schools, the U.S. was about $8,000 ahead:
$135,620 to internationals’ $127,674.

The school with the highest
percentage reporting salary numbers in 2018 was Rice University’s Jones
Graduate School of Business, No. 24 on the P&Q ranking,
where 94.5% reported — 86 students out of 91 known to be looking for
work.

Close behind were No. 6 MIT Sloan (91.9%) and No. 8 UC-Berkeley
Haas (90.8%). Stanford actually had the lowest percentage of salary
reporters: 74.1%, or 218 grads out of 294 on the market.

Besides highs and averages, U.S. News also reports lows.

The
lowest reported salary for a U.S. MBA in the Class of 2018 was at
Harvard, where someone took a job for the base pay of $41,875.

For an
international student, the lowest base pay was reported by a Whartonite
who was hired for $15,910; the job, categorized as both financial
services and “other,” took him or her outside the U.S.

The lowest sign-on bonus for an international student was reported by
a UCLA Anderson grad: $1,598. And then for a low bonus accepted by a
U.S. student, we return to the question of the $40. Were they paid by
check or two bills out of the boss’s wallet? We may never know.

Indiana University’s Kelley School of Business swept a host of
interesting “lows”: lowest high U.S. salary ($150K), lowest average U.S.
salary ($111,640), lowest high U.S. sign-on ($58,500), lowest high
foreign salary ($145K), and lowest high foreign sign-on ($35K). The
Hoosiers’ $99,108 average foreign salary, another low, was the only
non-six-figure salary for any top-25 school in either the U.S. or
foreign column.

The highest low U.S. salary was at Dartmouth
Tuck ($87K), though four schools — Northwestern Kellogg, USC Marshall,
Michigan Ross, and NYU Stern — were close behind at $80K. USC claimed
the highest low foreign salary: $90K. Emory Goizueta ($8K) had the
highest low U.S. sign-on and Virginia Darden and Georgetown McDonough
($10K) shared the distinction of reporting the highest low foreign
sign-on.